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2022
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Exports $325MRnk 22 / 208
2022
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Top Product $86.6MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $284MRnk 34 / 203
2022
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Top Product $103MCars
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 133
2022
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GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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 GDP$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 186
2022
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GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
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GDP PC$21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

Portugal-Slovakia Trade: In 2022, Portugal exported $325M to Slovakia. The main products that Portugal exported to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($86.6M), Revolution Counters ($73.1M), and Radio Receivers ($67.5M). Over the past 5 years the exports of Portugal to Slovakia have increased at an annualized rate of 97%, from $11M in 2017 to $325M in 2022.

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

Slovakia-Portugal Trade: In 2022, Slovakia exported $284M to Portugal. The main products that Slovakia exported to Portugal were Cars ($103M), Video Displays ($42.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). Over the past 5 years the exports of Slovakia to Portugal have increased at an annualized rate of 94.1%,  from $10.3M in 2017 to $284M in 2022.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

April, 2024

About

Overview In April 2024, Portugal exported €39.6M and imported €26.3M from Slovakia, resulting in a positive trade balance of €13.4M. Between April 2023 and April 2024 the exports of Portugal have decreased by €-7.56M (-16%) from €47.2M to €39.6M, while imports increased by €6.61M (33.6%) from €19.7M to €26.3M.

Trade In April 2024, the top exports of Portugal to Slovakia were Optical, photo, & film equipment; medical... (€9.68M), Electrical machinery and electronics (€8.68M), Cars, tractors, trucks & parts thereof. (€8.14M), Furniture, bedding, lamps, & prefab buildings (€6.82M), and Rubber & articles thereof (€6.59M). In April 2024 the top imports of Portugal from Slovakia were Cars, tractors, trucks & parts thereof. (€10.1M), Electrical machinery and electronics (€4.14M), Rubber & articles thereof (€1.01M), Machinery, mechanical appliances, & parts (€960k), and Iron & steel (€730k).

Growth In April 2024, the decrease in Portugal's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Raw hides & skin (non-fur) (€-146k or -42%), Aluminum articles (€-135k or -23.9%), and Man-made filaments (€-110k or -97.6%). In April 2024, the increase in Portugal's year-by-year imports  from Slovakia was explained primarily by an increase in product imports  in Cars, tractors, trucks & parts thereof. (€2.14M or 26.9%), Glass & glassware (€474k or 210%), and Footwear (€165k or 57%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)€-7.56M(-16%)
IMPORT GROWTH (April 2023 - April 2024)€6.61M(33.6%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Slovakia and Portugal trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $325M to Slovakia. The main products exported from Portugal to Slovakia were Motor vehicles; parts and accessories (8701 to 8705) ($86.6M), Revolution Counters ($73.1M), and Radio Receivers ($67.5M). During the last 5 years the exports of Portugal to Slovakia have increased at an annualized rate of 97%, from $11M in 2017 to $325M in 2022.

In 2017, Slovakia exported $284M to Portugal. The main products exported from Slovakia to Portugal were Cars ($103M), Video Displays ($42.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($29.4M). During the last 22 years the exports of Slovakia to Portugal have increased at an annualized rate of 94.1%, from $10.3M in 1995 to $284M in 2017.

Exports from Portugal (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Portugal (Flag) (2022)

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Slovakia
Top DestinationGermany$22.2B

This map shows whether countries import more from Portugal or Slovakia. Each country is colored based on the difference in imports they receive from Portugal and Slovakia or the difference in the growth in imports.

In 2022, countries that imported more from Portugal than Slovakia included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

In 2022, countries that imported more from Slovakia than Portugal included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia (Flag) and Portugal (Flag) (2022)

Comparative Advantage Portugal - Slovakia

Flow
Scale

This chart compares trade between Portugal and Slovakia by product, considering products traded by both, Portugal and Slovakia.

During 2022, Portugal had a large net trade with Slovakia in the exports of Transportation ($128M), Machines ($114M), and Plastics and Rubbers ($82.5M).

During 2017, Slovakia had a large net trade with Portugal in the exports of Transportation ($133M), Machines ($89.3M), and Metals ($26.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Slovakia+$27.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Slovakia Portugal+$71.8MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Portugal exported services to Slovakia worth $6.85M, with Travel ($6.85M) being the largest in terms of value.

In 2020, Slovakia exported services to Portugal worth $17.9M, with Other business services ($8.57M), Transportation ($4.45M), and Travel ($2.28M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Portugal (Flag) to Slovakia (Flag) (2020)

Services Exports from Slovakia (Flag) to Portugal (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Portugal and Slovakia. This means that a dot/product with the flag of Portugal indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Portugal.

Product Space of Portugal (Flag) and Slovakia (Flag) (2022)

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